EconPapers    
Economics at your fingertips  
 

Valuation of Health Inputs and Convenience in New Products

Jonas Nordström

No 2013:7, Working Papers from Lund University, Department of Economics

Abstract: The prevalence of illnesses related to the modern diet and a more sedentary lifestyle has increased markedly over the last few decades. There is therefore a need for effective strategies to promote health and to reduce the prevalence of diet-related diseases. In this paper, we study the willingness to pay for a new concept, healthy canteen takeaways. In the analysis, we depart from a household production model. To control for the endogeneity of the health state, we use a control function approach. The result suggests that health inputs, such as low-fat meat and a larger amount of vegetables, increase respondents’ utility. Respondents’ valuations of the convenience attribute are very heterogenous, with both positive and negative values. From a policy perspective, the IV estimation turns out to be of importance, with a sign change in the valuation of low-fat meals for individuals with a poor health state (high MBI).

Keywords: endogen; discrete choice; health; household production; instrumental variable (search for similar items in EconPapers)
JEL-codes: C25 D12 D13 I10 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2013-03-26
New Economics Papers: this item is included in nep-agr, nep-dcm and nep-hea
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://project.nek.lu.se/publications/workpap/papers/WP13_7.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to project.nek.lu.se:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2013_007

Access Statistics for this paper

More papers in Working Papers from Lund University, Department of Economics School of Economics and Management, Box 7080, S-22007 Lund, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by Prakriti Thami ().

 
Page updated 2024-05-24
Handle: RePEc:hhs:lunewp:2013_007